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Review Mexem

Established in 2018, MEXEM is a European stockbroker with offices in Belgium, The Netherlands, Italy, and Greece. Despite being new, it has 32 years of experience from regions including the Middle East and Africa

MEXEM offers products to trade on 150+ exchanges in 35 countries and boasts low stock and ETF fees. Linked to Interactive Brokers, it provides access to a wide market range and advanced research tools on its trading platforms.

Recommended to

MEXEM is typically suitable for active and experienced investors due to the many features of the platform and the wide range of trading.

Pros

  • A broad range of markets and products
  • Stock and ETF trading fees are one of the lowest in EU
  • Range of great searching tools
  • Outstanding trading platform

Cons

  • Limited education tools
  • High forex and margin rates

Review’s Keypoints

Country of regulation

Ireland, Cyprus

Minimum deposit

$0

Time to open an account

1 day

Trading fees class

Low

Deposit with bank card

Not available

Number of base currencies supported

23

Products offered

Stocks

ETFs

Fund

Forex

Bond

Futures

CFD

Warrants

Structured products

Depositing with electronic wallet

Not available

Demo account provided

Yes

Fees

MEXEM offers competitive trading fees for stocks, ETFs, bonds, and mutual funds, while its charges for options and futures are about average. There’s no fee for inactivity, which is a plus. On the other hand, the fees for forex and using margin are on the higher side.

Pros

  • Low stock/ETF rates
  • Low bond and mutual fund rates
  • Lack of inactivity fee

Cons

  • High forex and margin rates

MEXEM Costs

Asset
Costs Level
Costs Terms
Asset
US Stocks
Costs Level
Low
Costs Terms
$2.5
Asset
EU Stocks
Costs Level
Low
Costs Terms
€1.8
Asset
US Options
Costs Level
Low
Costs Terms
$1.36
Asset
EU Futures
Costs Level
Low
Costs Terms
€2
Asset
US Futures
Costs Level
Low
Costs Terms
$1
  • ***1000 in EUR or USD for the stocks transaction
  • ***Price per contract for Options & Futures

Transfers

With MEXEM, use bank transfers for adding or taking out funds. Ensure your bank account matches your MEXEM account’s currency. Deposits usually take up to 3 days, and you can withdraw easily from the Client portal.

Pros

  • Fast and Fully Digital
  • Minimum deposit is $0
  • Monthly free withfrawals

Cons

  • None

Trading Platforms

Client Portal

Client Portal is a user-friendly online trading platform with various order types, clear fees, and editable notifications. It provides real-time access to key account details like Net Liquidation Value and buying power. Interactive Brokers also offers a platform solely for account transfers and management.

MEXEM Mobile

The mobile trading platform, available on both Android and iOS, boasts features like a chatbot and mirrors all desktop options. However, its extensive features may initially appear complex.

MEXEM Desktop

The desktop platform, powered by Interactive Brokers, offers advanced features tailored for expert traders. Its sophistication may challenge beginners.

Offering

MEXEM in numbers:

0
Markets
0
Countries
0
Currencies

Stocks

A wide range of stocks & ETFs is available

Mutual Funds

Global Mutual Fund Marketplaces offer clients a wide variety of funds at a low cost

Warrants

This offering attracts investors to invest in stocks

Bonds

A wide range of bonds are available

Futures

More futures are on offer than its competitors

ETFs

It is possible to acquire ETFs on margin or sell the ETFs short

Options

Outstanding coverage for options

Spot currencies

Possibility for currency conversions and or trade currencies with leverage

Tools

Trading Ideas

When you look up an asset in the Research menu's Fundamentals Explorer, you'll find lots of useful info. This includes expert opinions from Trading Central, updates on performance, recent news, dividend info if it's there, and important financial numbers. It's packed with details, but once you spend a little time with it, it's easy to use.

Fundamental Data

MEXEM provides a lot of handy info. In the Research section, there's a great Events Calendar that covers important global economic events. If you're looking into a specific asset, the Fundamentals Explorer tab has everything you need – like sales, dividend, and profit details. It even includes environmental, social, and governance (ESG) ratings from Refinitiv.

Charting

MEXEM's interactive charts are super easy to use and come packed with cool features. You get more than 127 technical indicators and lots of editing tools, including trendlines and Fibonacci. Plus, there's a handy trading signal tool that gives you buy or sell signals, all based on technical analysis.

News Feed

When you hop onto the platform, you've got everything at your fingertips: latest news, daily market summaries in the 'Daily Lineup', and handy calendars for earnings and economic events. It's a great way to start your day, staying in the loop with fresh updates and expert tips.

Regulation

MEXEM, regulated by the EU, CySEC (The Cyprus Securities and Exchange Commission), is an introducing broker of Interactive Brokers. Founded in 1978, IB (Interactive Brokers) has withstood various economic challenges, demonstrating resilience and stability. Trading under the ticker on NASDAQ, IB enhances its credibility by regularly publishing financial statements. MEXEM’s association with a well-established company like Interactive Brokers, combined with oversight from respected financial regulators, underscores its reliability. MEXEM is registered with the Financial Markets Authority (FMA) in the Netherlands and the Financial Services and Markets Authority (FSMA) in Belgium. In the rare case of MEXEM facing financial difficulties, all client assets, including cash and securities, would remain safeguarded with Interactive Brokers.

Bottom Line

MEXEM stands out in the European market with its highly competitive stock and ETF trading fees. Their mobile trading platform is top-notch, offering access to a diverse range of markets and products.

 

With no minimum deposit requirement and a desktop platform tailored for both novices and experts, it provides flexibility for all. While the platform is feature-rich, making it a favorite among seasoned investors, newcomers can swiftly acclimate with a bit of exploration.

 

Fro European clients seeking an efficient platform with attractive trading fees, MEXEM is a commendable choice.

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